Retail Tech Weekly Roundup — Apr 13th
We find the articles with meat and put it into a neat little post for you.
Google adds astounding ‘Similar Items’ feature for Image Search
None of the press releases about Google’s new featured called it astounding so I’ve gone ahead and rectified that.
Because it is astounding.
Understanding a customer’s taste can take ages but if Google can show product images that are aesthetically and contextually similar to what you’re already viewing — they’ve just found an ecommerce oilfield.
Say what you want about Pinterest — but one of its most addictive features is its ability to serve up more & more images of teepee tents or cocktails that are exactly to your taste. Google’s new feature could be very powerful depending on how it is embedded into their shopping platform.
Indian ecommerce continues to be a wild ride
Everything in India is a bit wild but lately ecommerce has been especially so. With China’s version of ecommerce Hunger Games mostly played out, the world focuses on India.
eBay is the latest into the fray with a $500 million investment into Flipkart and a sale of its own Indian marketplace, eBay India, to Flipkart.
Put (one’s) money where (one’s) mouth is
You can tell what people are serious about by following the money trail — and these days the money leads to omnichannel retail. Flow, a cloud-based software solutions that addresses cross-border commerce issues, just closed $16 million in Series A funding led by Bain Capital Ventures.
Online-only retailers go ‘ka-ching’
Retail behemoths scrambling to get on the ecommerce train has been very good news for one group — smaller web-only retailers. Following in the wake of Jet.com and Dollar Shave Club, online retailer eBags Inc. has been acquired by Samsonite International S.A. for $105 million in cash.
Written by Anjali Krishnan and the Semantics3 team in Singapore and San Francisco.
Published at: April 13, 2017